A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Suriname
Step 1 – Join CEX.io You will first need to purchase one of the bigger currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click below to register and receive your first Ethereum or Bitcoin.
Step 2 – Send Your Funds to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Wrapped Bitcoin (WBTC) is available on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to) Make sure you've chosen the exact coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our manual).
Step 3 – Find Wrapped Bitcoin (WBTC) As soon as your deposit has been affirmed, you'll immediately have access to your finances and you can start invest and trading. To purchase Wrapped Bitcoin (WBTC) on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”. To find Wrapped Bitcoin (WBTC), you'll need to insert the shortname of the coin (WBTC) into the search-box, which is highlighted in the picture. Make sure you have choosen the correct grouping, we have highlighted this also. Click on “WBTC/BTC” to go on.
Step 4 – Purchase Wrapped Bitcoin (WBTC) After you've spotted (WBTC) Wrapped Bitcoin, you'll be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). Next we are going to make our Limit Order. The “Price” field will be filled with the most up-to-date rate Wrapped Bitcoin (WBTC) was traded for. You can change this to your preferred rate. The “Amount” field is the volumen of WBTC you want to buy. The “Total” field is the whole price in BTC that you will pay for the complete quantity of WBTC. When you're glad, click on “Buy WBTC”. Your order will be filled when a Vendor trades their WBTC for the price you introduced.
Step 5 – Withdraw (WBTC) Wrapped Bitcoin Unless you're trading, best advise is not to keep your crypto on an Exchange for an longer time frame. In order to take off your Wrapped Bitcoin (WBTC), hover over the tab called “Funds” and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Wrapped Bitcoin (WBTC) by using the given drop-down box. Put into the quantity of Wrapped Bitcoin (WBTC) you would wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your correct withdraw address. When you're glad, make a mouse click on “Submit”. You could be requested for email/phone verification ahead of a withdrawal.